New R.I. School Funding Formula Aims at Equity
For the first time in more than 15 years, Rhode Island has a statewide school funding formula that supporters say will more equitably dole out money to its public schools, though the new system has hardly settled the debate over how best to divvy up state aid for public education.
The formula, approved by Rhode Island legislators and signed into law late last month by Republican Gov. Donald L. Carcieri, establishes a baseline funding amount for every student in the state. It also provides additional money—40 percent over the base—for every student who meets the poverty guidelines for the federal free- and reduced-price meals program.
Rhode Island had been the only state in the nation without a statewide formula...
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